Financial Evaluation And Cost-Benefit Analysis Of Electronic Medical Record (EMR) Implementation At Somerset Medical Center

Understand EMR financial aspects with this homework solution.

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Financial Evaluation and Cost-Benefit Analysis of Electronic Medical Record(EMR) Implementation at Somerset Medical CenterUsing the financial evaluation and cost-benefit analysis of the Electronic Medical Record (EMR)implementation at Somerset Medical Center, analyze the potential financial impact of adoptingan EMR system. Based on the information provided, assess the project's viability by consideringthe expected cost savings, return on investment (ROI), payback period, and sensitivity analysis.Additionally, discuss the non-financial benefits that may result from EMR implementation andexplain how they could further enhance the hospital’s operations.Your answer should bebetween 1200-1500 words.

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